GBP/USD - British Pound Dollar, American Session - 18/06/09

By IBT Staff Reporter On 06/18/09 AT 8:49 AM

1,6218. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,6210 and 1,6500. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6210 (8 pips). The consolidation should continue.